The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Johnson & Johnson
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic has raised above the signal lineBullish Harami CandlestickThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was the negative week for the Johnson & Johnson (JNJ). During the week, the JNJ dropped -8.15 points, or -5.92%, and closed at 129.53 on Friday, February 09, 2018. Weekly volume was 165% above average.

Long-term trend: [See JNJ long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 46.25 and reached 148.32 on January 17, 2018. JNJ gained -102.07 points, or -220.69%, in 462 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 95.34 and resistance is at 140.12. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See JNJ medium-term trend chart]
A medium-term uptrend had started on December 7, 2016 at 109.32 and reached 148.32 on January 17, 2018. JNJ gained -39.00 points, or -35.68%, in 58 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (136.69) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since January 26, 2018. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See JNJ short-term trend chart]
A short-term downtrend had started on January 17, 2018 at 148.32 and reached 122.15 on February 5, 2018. JNJ lost 26.17 points, or 17.64%, in 19 days. The price is now at the 28.20% retracement level.

Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since January 23, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (20.78%) is close to one year high (12.25%). It is 280.93% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See JNJ candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.82
Williams' Percentage Range (W%R) 79.50
Lane's Stochastic (%D-Slow) 33.70
Greed/Fear Indicator (GFI) 26.68
Moving Average Converg./Diverg. (MACD) -1.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.82
Williams' Percentage Range (W%R) 79.50
Lane's Stochastic (%D-Slow) 59.01
Greed/Fear Indicator (GFI) 40.68
Moving Average Converg./Diverg. (MACD) 3.14 Bullish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 151.19
Upper Bollinger Band 151.11
50 Day Moving Average 140.82
20 Day Moving Average 140.36
Yearly Trendline Resistance 140.12
Monthly Trendline Support 136.69
Weekly Stochastic Crossing 136.23
Parabolic System 135.91
Price 129.53
Daily Stochastic Crossing 128.96
Lower Bollinger Band 124.17
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Drug Manufacturers/Major 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 145.60
High Date 01/26/2018
Low 122.15
Low Date 02/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 148.32
High Date 01/17/2018
Low 122.15
Low Date 02/05/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 151.19
Support 136.69
Low 109.32
Low Date 12/07/2016
High 148.32
High Date 01/17/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.79
Low Date 08/24/2015
High 148.32
High Date 01/17/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 140.12
Support 95.34
Low 46.25
Low Date 03/09/2009
High 148.32
High Date 01/17/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2016 All rights reserved.